Is Grove City, MN 56243 a buyer’s or seller’s market?
Grove City is a seller’s market. With about 0.9 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Grove City housing market right now
In the three months ending August 31, 2026, 14% of homes in Grove City, MN 56243 sold above their list price, the typical home went under contract in 14 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price fell 32% to $148,936. Overall, Grove City is more competitive than a year ago, so tougher for buyers.
Within Meeker County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Cosmos 56228 (0% sold over asking) or Watkins 55389 (0% sold over asking), while Litchfield 55355 (29% sold over asking) and Darwin 55324 (22% sold over asking) are even more competitive.
Run the numbers for 56243
Nearby markets
Cosmos 56228 $398 /sq ftDarwin 55324Seller’s market $196 /sq ftDassel 55325Seller’s market $184 /sq ftEden Valley 55329Seller’s market $125 /sq ft Browse all markets →Towns like Grove City nearby
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Questions about Grove City real estate
Is Grove City a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Grove City, MN 56243 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Grove City?
The typical home went under contract in 14 days in the latest three months.
Do homes in Grove City sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.
What are property taxes in Grove City?
About 0.90% of a home’s value a year in Meeker County, or roughly $3,600 on a $400,000 home.
What is the median home price in Grove City?
The median sale price was $148,936 in the three months ending August 31, 2026, about $126 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology